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Netwealth Group Ltd (ASX:NWL) continues to impress

Shares in $1.89 billion market cap fintech company Netwealth Group Ltd (ASX: NWL) are up half a percent to $8.00 at the time of writing on the release of its September quarterly business update today.

According to the update, Netwealth has $19.3 billion in funds under administration (FUA) as at September 30 – an increase of $1.3 billion for the quarter and $5.6 billion on the previous year.

Netwealth is producing the goods in terms of platform growth and performance, with its percentage market share of net flows for the 12 months to June 2018 15 times its market share percentage, with Credit Suisse expecting this momentum to continue as inflows from institutional platforms to specialist platforms ramps up.

Netwealth seems to be competitive in its pricing and adept at staying ahead of its prospectus forecasts – a true innovator to watch alongside other go-getters such as Xero Limited (ASX: XRO), Pushpay Holdings Ltd (ASX: PPH) and Afterpay Touch Group Ltd (ASX: APT).

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO, PUSHPAY FPO NZX, and Xero. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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